Company Overview

Establishment Date:23/03/1997

Paidup Capital:SAR11,684,782,610

Per Value Per Share:SAR10

Activities

Saudi Arabian Mining Company (or 'Ma'aden', which means 'minerals' in Arabic) was established in 1997 in order to play a part in the development of the country's mineral sector. Headquartered in Riyadh, Ma'aden deals primarily in the mining of gold base metals, as well as other infrastructure metals. The company, at first, was wholly owned by the Saudi Government, after which, in 2008, 50% of the company's stocks were listed on theSaudi Stock Market. The Saudi government still owns 50% of its shares. The company is working on mining projects all across the kingdom. While Ma'aden is traditionally known for its gold mines, it has now expanded to the mining, extraction and processing of phosphate, bauxite/aluminum, magnesite and kaolin too. Ma'aden currently has four key business areas:Gold and Base Metals, The Phosphate Project - with a joint venture with SABIC, The Aluminum Project - with joint venture with Alcoa, and other projects -which include the mining of magnesite, kaolin, low grade bauxite, garnet, chlor vinyl; all operating in different geographies. MA'ADEN has formed a number of subsidiaries too: Ma'aden Phosphate Company, Ma'adenAluminum Company (located in Ras Al-Khair), Ma'aden Gold Company (based in Jeddah) and Ma'aden Industrial Minerals Company (also based in Jeddah). MA'ADEN is committed to developing an approach that contributes to the development and safety of the society. The company has set industrial security as its priority, in order to ensure the safety and security of its employees, as well as the community. In August 2017, the company announced the completion of its first phosphate fertilizer export which included about 26,000 metric tons of ammonium diphosphate (DAP) fertilizer.